ðĨ Bitcoin Bulls Are Trapped! Bear Flag Analysis
Recently I made an analysis on Bitcoin and the bear flag in which we're trading for over 6 weeks already. In my previous analysis I wrote that the blue dotted support was key to my bullish bias, but since we're now below it, I deem the probability for a move back towards the bear-flag support very large.
For now, I'd advise traders to be cautious. If you followed my first fake-out analysis you should be good. Congratulations if you showed patience!
We're about to enter a very volatile week full with massive earning calls (AAPL and the like) and a FOMC interest announcement. For the next week, I think being patience will ultimately pay off.
For now, I'd advise traders to be cautious. If you followed my first fake-out analysis you should be good. Congratulations if you showed patience!
We're about to enter a very volatile week full with massive earning calls (AAPL and the like) and a FOMC interest announcement. For the next week, I think being patience will ultimately pay off.
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